Reuters reveals China to unveil new rules to rein in fund ‘greenwashing’

Reuters exclusively revealed China plans to tighten rules to regulate environmentally friendly, or so-called green funds, as part of its efforts to rein in ‘greenwashing’ in the world’s second-largest climate fund market. The new rules, which could be in place in the first half of 2023, will mark a major change in a rapidly growing corner of the funds industry in China, where asset managers currently have the leeway to determine the scope of green investments on their own.